The cap didn't fit

AT LEAST there are some lengths the British government won't go to in pursuit of its obsession with inheriting property. Earlier this month, George Osborne, in a Budget that revealed big cuts to welfare, found room to increase the inheritance tax limit, not for wealth-creating businesses but for residential property. There was no economic justification for this move, just an attempt to consolidate the vote among middle-class and elderly voters. This followed such electoral goodies as the...

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